Adverum Historical Valuation

ADVM Stock  USD 0.73  0.07  8.75%   
Some fundamental drivers such as market cap or Adverum Biotechnologies enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Adverum Biotechnologies valuation indicators such as Average Assets of 595 M or Average Equity of 342 M to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Adverum Biotechnologies's future value. Financial Statement Analysis is much more than just reviewing and breaking down Adverum Biotechnologies prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Adverum Biotechnologies is a good buy for the upcoming year.
Check out Trending Equities. To learn how to invest in Adverum Stock please use our How to Invest in Adverum Biotechnologies guide.

About Adverum Valuation Data Analysis

Valuation is the financial process of determining what Adverum Biotechnologies is worth. Adverum Biotechnologies valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Adverum Biotechnologies valuation ratios help investors to determine whether Adverum Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Adverum with respect to the benefits of owning Adverum Biotechnologies security.

Adverum Biotechnologies Valuation Data Chart

Adverum valuation ratios help to determine how cheap or expensive it is, compared to its peers or based on some benchmark measure of value for a given date. A typical valuation ratio shows the difference between the cost of Adverum equity instrument and the benefits of owning shares of Adverum Biotechnologies.
Adverum Biotechnologies Average Assets are very stable at the moment as compared to the past year. Adverum Biotechnologies reported last year Average Assets of 551.43 Million. As of 30th of March 2023, Enterprise Value is likely to grow to about 377.3 M, while Revenue Per Employee is likely to drop about 38.4 K.

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets; derived from Total Assets.

Enterprise Value

Enterprise Value (or EV) is usually referred to as Adverum Biotechnologies theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Adverum Biotechnologies debt, but would also pocket its cash. Enterprise Value is more accurate representation of Adverum Biotechnologies value than its market capitalization because it takes into account all of Adverum Biotechnologies existing debt. Enterprise value is a measure of the value of a business as a whole; calculated as Market Capitalization plus Total Debt USD minus Cash and Equivalents USD.

Market Capitalization

Market capitalization (or market cap) is the total value of the shares outstanding of Adverum Biotechnologies. It is equal to Adverum Biotechnologies current share price times the number of Adverum Biotechnologies outstanding shares. Represents the product of [SharesBas]; [Price] and [ShareFactor].
Most indicators from Adverum Biotechnologies' valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into Adverum Biotechnologies current financial condition. On the other hand, looking into the entire matrix of valuation accounts indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities. To learn how to invest in Adverum Stock please use our How to Invest in Adverum Biotechnologies guide.Adverum Biotechnologies Average Assets are very stable at the moment as compared to the past year. Adverum Biotechnologies reported last year Average Assets of 551.43 Million. As of 30th of March 2023, Enterprise Value is likely to grow to about 377.3 M, while Revenue Per Employee is likely to drop about 38.4 K.
 2020 2021 2022 2023 (projected)
Tangible Asset Value482.57 M439.73 M505.69 M545.61 M
Market Capitalization1.06 B172.75 M155.47 M159.56 M

Adverum Biotechnologies valuation accounts Correlations

Adverum Biotechnologies Account Relationship Matchups

Adverum Biotechnologies valuation accounts Accounts

201820192020202120222023 (projected)
Net Income Per Employee(885.7 K)(565.67 K)(701.71 K)(774.15 K)(890.27 K)(960.56 K)
Revenue Per Employee23.7 K19.66 K2.19 K39.89 K45.88 K38.44 K
Average Assets235.79 M214.8 M417.51 M479.5 M551.43 M594.96 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(72.13 M)(62.91 M)(112.23 M)(140.9 M)(126.81 M)(130.14 M)
Earnings Before Interest Taxes and Depreciation Amortization USD(72.13 M)(62.91 M)(112.23 M)(140.9 M)(126.81 M)(130.14 M)
Earnings before Tax(73.88 M)(64.49 M)(116.39 M)(145.54 M)(130.99 M)(134.43 M)
Average Equity224.05 M176.26 M371.39 M364.04 M418.64 M341.99 M
Enterprise Value37.36 M693.26 M1.01 B252.63 M290.53 M377.34 M
Free Cash Flow(54.77 M)(68.42 M)(91.14 M)(122.95 M)(110.66 M)(113.57 M)
Invested Capital46.83 M164.64 M424.51 M482.82 M555.24 M599.07 M
Invested Capital Average66.48 M127.94 M351.6 M505.87 M581.75 M627.68 M
Market Capitalization198.04 M744.05 M1.06 B172.75 M155.47 M159.56 M
Tangible Asset Value213.5 M222.73 M482.57 M439.73 M505.69 M545.61 M
Working Capital198.03 M156.46 M413.57 M295.82 M340.2 M287.36 M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Adverum Biotechnologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Adverum Biotechnologies' short interest history, or implied volatility extrapolated from Adverum Biotechnologies options trading.

Pair Trading with Adverum Biotechnologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Adverum Biotechnologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Adverum Biotechnologies will appreciate offsetting losses from the drop in the long position's value.

Moving against Adverum Biotechnologies

-0.71AAgilent Technologies Fiscal Quarter End 30th of April 2023 PairCorr
-0.7MNKDMannKind Corp Fiscal Quarter End 31st of March 2023 PairCorr
-0.66EQEquillium Fiscal Quarter End 31st of March 2023 PairCorr
-0.66DNLIDenali Therapeutics Fiscal Quarter End 31st of March 2023 PairCorr
The ability to find closely correlated positions to Adverum Biotechnologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adverum Biotechnologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Adverum Biotechnologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Adverum Biotechnologies to buy it.
The correlation of Adverum Biotechnologies is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adverum Biotechnologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adverum Biotechnologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Adverum Biotechnologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities. To learn how to invest in Adverum Stock please use our How to Invest in Adverum Biotechnologies guide. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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Is Adverum Biotechnologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Adverum Biotechnologies. If investors know Adverum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Adverum Biotechnologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
Quarterly Revenue Growth
Return On Assets
Return On Equity
The market value of Adverum Biotechnologies is measured differently than its book value, which is the value of Adverum that is recorded on the company's balance sheet. Investors also form their own opinion of Adverum Biotechnologies' value that differs from its market value or its book value, called intrinsic value, which is Adverum Biotechnologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Adverum Biotechnologies' market value can be influenced by many factors that don't directly affect Adverum Biotechnologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Adverum Biotechnologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Adverum Biotechnologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adverum Biotechnologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.